Post by
SomeFromNone on Feb 01, 2022 9:52pm
Purity premiums - am I wrong here?
according to cu steel, on the 31st, 62% was $137.80... 65% was $168.20... $30.40 premium for 3 extra percent?!? Over $10 per % premium!!! It used to be like $6! Our 68% would be worth close on $200/ton right now, if not more.. operating cost is what, $32/ton? $198-$32=$166.. that's usd$664m... This is unreal. Let's get this thing moving!!!
Comment by
Porsche993 on Feb 02, 2022 11:01am
We have yet to see "profit sharing" binding deal with Cargill, but margins will be strong regardless. By the time mine gets into production (1.5 years min) iron ore is forecast to decline substantially, which doesn't hurt the viability of the project. The next feasibility will probably still have $60/tonne 62% baseline
Comment by
IvanGubinski on Feb 02, 2022 12:34pm
If Cargill is a throat-cutting jerk, this is what i would do. I will give Matt a carrot hanging in his face never give it to him until he is crazy. When he gets that little carrot, he will realize the carrot is poisoned and he will need to give up Shymanivski for the antidote.